Frequently Asked Questions

Have a few questions? No problem. Here’s a quick collection of some of the common questions we get here in sunny San Diego, along with our answers next to them. If you still have a question you don’t see here, then feel free to send us an email through our contact page (or just give us a call at 619-327-9702).

Q: Are you actually listing my San Diego house on the MLS or are you buying it?A: Great question. We’re not agents and we don’t list houses- period. We buy houses San Diego that fit our buying criteria. From that point, we may repair the house and resell it to another home owner or we may keep it as a rental.

Q: Do you pay fair prices for properties?
A: As a business, we do have to purchase a house below market value so we can resell it at a profit to another home owner. mHowever, if you’re in foreclosure you likely don’t have much if any equity (though not in all cases), so we can often negotiate with your lender for a discount on the property. In the end, we have to get a fair enough discount on a property so we have room to make a profit when we resell it. But, we’re able to offer you a fast, no hassle, all-cash offer. We can also close quickly, are very flexible on terms of the sale, and will buy your San Diego house in any condition. If that’s what you need and you see the value in getting your house sold fast “as is”, then let’s talk and see if we can come to a fair win-win price.

Q: How do you determine the price to offer on my San Diego house?
A: I’m glad you asked. Our process is rather simple. We look at the location, what repairs are required, the property condition and values of comparable houses recently sold in the area. You may have heard this referred to as a CMA (comparative market analysis). We basically analyze what the home’s current value based on current market conditions and go from there.

Q: What if my mortgage is upside down or I’m facing foreclosure? Can you help me?
A: Absolutely. If your mortgage is upside-down or “underwater”, then we’ll likely need to look at a short sale. Don’t worry, though! We have expert short sale negotiators on our team right here in San Diego that assist us with homeowners in your situation — all at no cost to you! They’ll handle all the paperwork and bank negotiations for you and work closely with us and you to help make that short sale happen.

If you’re actually facing foreclosure or have a sale date on your house, then we need to act quickly – which we can do! We need to hear from you immediately so that we have enough time to stop the sale from happening. Contact us today!

Q: Are there any fees or commissions to work with you?
A: There are NO fees or commissions to work with us – none at all. We’ll make you a cash offer, and if it’s a fit then we’ll buy your house 🙂 ,(and we’ll often pay for the closing costs too!). No hassle and no fees, including no agent commissions. We make our money after we pay for repairing and/or upgrading the property so that it’s back up to current market expectations. We then market the house at our expense, and sell it for a profit (we’re taking all of the risk here on whether we can sell it for a profit or not, once we buy the house from you). We take on the responsibility, and you walk away without the burden of the property or any more payments.

Q: How are you different from a real estate agents in San Diego?
A: Real estate agents list properties and hope that someone will buy them. The average time to sell a property in many markets right now is anywhere from 4-8 months. As you know, you pay a commission as a percentage (%) of the sales price when you sell your home with a real estate agent. Usually, it’s 6% of the sales price (so if it’s a $400,000 house, you’ll pay $24,000 in commissions to an agent). Agents provide a great service for those that can wait to sell and who have room to pay the commission on the sale. However, instead of listing your house, our company actually buys houses. Since we’re actually the one buying the house from you, and we pay with all cash, we can make a fast decision to buy your house, usually within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer. Our San Diego home buying service frees you of the burden of all of that work – and leaves you with cash in hand instead.

Q: Is there any obligation when I submit my info?
A: No obligation at all. Once you tell us a bit about your San Diego property, we’ll begin our analysis and arrange a time to speak with you so we can make you an all-cash offer that’s both fair for you and fair for us. From there, it’s 100% completely your decision on whether or not you’d like to sell your house to us. No hassle from us. It’s your property, so the decision remains 100% yours of what you wish to do. We hope you decide to work with us!

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Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.

Michael Borger, Owner

Mercury Home Buyers, Inc. is your local San Diego based real estate company dedicated to helping San Diego County homeowners who need a solution for their house or mortgage trouble. If you need to sell your house in San Diego CA, then ask us for a free, fast 'as is' cash offer for your property. All types, all situations. We're here to help. We buy houses from homeowners just like you!

Mercury Home Buyers

““I can’t thank you enough for the help. You are a real gem!!” – G.C., prevented foreclosure

G.C.

Mercury Home Buyers

“When I was upside down in my mortgage, I contacted Mike. He was quick to respond and assess the property. He is very professional. At the end I sold my house through a short sale and it could not have been done without Mike.” — Colin W., successful short sale

Colin W.

Mercury Home Buyers

“You can count on Mike to stick with you no matter what.” — Ryan M., successful short sale

Mercury Home Buyers is a San Diego CA real estate solutions and investment firm that specializes in helping homeowners sell their San Diego houses fast. We are not realtors — we are investors and problem solvers who can buy your San Diego house fast with a fair all cash offer “as is”.